Sucker Bets: Gambling Do's and Don'ts

I have been receiving spam trackbacks and comments from these online casino marketers so much since my blog has been up I decided to do a post on it. I try to make every effort to turn negatives into positives and this is definitely one of those. Now I'm not one of those gambleholics that you see at the tables flying high one minute then outside with his pockets turned inside out the next. However, when I do sit down to bet every so often, I play to win. So much so that I actually did research on betting and gambling so that I never go home without at least breaking even. So enjoy the fruits of my research, trial, and error.

The best tip or advice you can get that will increase your odds tenfold is staying away from "sucker bets". If you don't know what I'm speaking of Bravo did a whole special show on this exact topic where successful gamblers and casino managers alike advised against these. Yes, even casino managers have said to increase your odds stay away from these games/bets. The reason they're called "sucker bets" is because these types of games lure a lot of people, they're easy to play, you can bet with little money, offer huge payouts, and most importantly the odds are overwhelmingly in the house's favor.

If you've ever been to a casino, chances are you've fallen victim to one or more of these "sucker bets". Sucker bet number one is Keno, or the casino's version bingo. The rules are pretty much the same and you can play from the comfort of just about any casino restaurant or your own hotel room by just watching numbers light up. You buy a card full of numbers and if the randomly numbers selected by the casino match the numbers on your card in a diagonal, horizontal, or vertical pattern you win. The problem with this game is you're almost guaranteed to loose your money due to the fact that there are normally 80 possible numbers to select from. For example, it is possible to win $1500 just by playing $1. Sounds good so far right? But you'll have to match 6 numbers on your card with the numbers selected for one game. According to a Keno odds website, the odds of this are 7500 to 1! Added to that you have no control over the numbers selected.